New Residential initiated with an Outperform at Wedbush

Nationstar, New Residential and PennyMac named top picks at Credit Suisse

Credit Suisse named Nationstar (NSM), New Residential (NRZ) and PennyMac (PMT) as its top picks in the mortgage sector based on expectations for an improvement in operation fundamentals.

03/02/16

UBSW

03/02/16NO CHANGETarget $21UBSWBuy

New Residential weakness a buying opportunity, says UBS

UBS said the sympathy selloff in New Residential (NRZ) from the weakness in Ocwen (OCN) is misplaced. The firm said New Residential remains its top pick in the mREIT space and they expect its strong operating performance that was displayed over the past two quarters to continue. UBS reiterated its Buy rating and $21 price target on New Residential shares.

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